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Investing.com - Keefe, Bruyette & Woods raised its price target on BOK Financial (NASDAQ:BOKF) to $115.00 from $101.00 on Friday, while maintaining a Market Perform rating on the stock.
The firm cited BOK Financial’s strong second-quarter performance, which exceeded expectations with particularly robust pre-provision net revenue (PPNR) that increased 17% from the last quarter. Loan growth returned at a 10% annualized rate, alleviating concerns about the company’s full-year guidance.
KBW noted that fee income showed building momentum, and the bank demonstrated strong operating leverage. The company’s guidance remained largely unchanged, though KBW indicated potential upside to both its own estimates and consensus forecasts following strong revenue trends, primarily in net interest income.
The research firm also highlighted positive developments in credit quality and share buybacks. KBW raised its 2025 earnings estimate to $8.27 and its 2026 estimate to $8.90, noting that the path to mid-to-upper single-digit growth is becoming clearer.
BOK Financial shares are currently trading at 12.0 times KBW’s 2026 earnings estimate and 1.41 times tangible book value, according to the research note. The bank maintains a strong financial health score of 2.71 ("GOOD") on InvestingPro, with particularly robust scores in relative value and price momentum.
In other recent news, BOK Financial reported strong second-quarter earnings for 2025, exceeding analyst expectations. The company achieved earnings per share of $2.19, surpassing the forecast of $2.00, and revenue reached $525.5 million, outpacing the expected $520.8 million. Following these results, several analyst firms adjusted their price targets for BOK Financial. RBC Capital raised its price target to $110, citing stable results with decent loan growth and improved fee income. DA Davidson increased its target to $120, highlighting a rebound from a weak first quarter and continued net interest margin expansion. Raymond (NSE:RYMD) James also upped its price target to $115, noting stronger loan growth and net interest income. These developments reflect a positive outlook from analysts regarding BOK Financial’s recent performance and future potential.
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